ABN AMRO Flex Privilege Savings Account

The Flex Privilege savings account that has been introduced by ABN AMRO Bank caters to high profile customers as it has a minimum average quarterly balance of Rs.50,000. The ABN AMRO Flex Privilege Savings Account comes with an interest rate on deposits at 3.5% per annum.

Features and Benefits of ABN AMRO Flex Privilege Savings Account

Customers can bank from anywhere on the globe through the the ABN AMRO Flex Privilege Savings Account.

A penalty of Rs.500 is charged if the customer closes the account within 12 months.

Interest certificate

Free
Rs.50 will be charged for a duplicate certificate.

Balance certificate

Rs.50

Documents Required for ABN AMRO Flex Privilege Savings Account

Customers have to submit the following documents when applying to open the ABN AMRO Flex Privilege Savings Account.

Proof of address

Telephone Bill

Electricity Bill

Rent agreement

Ration Card

Bank account statement

Letter from recognised public authority

Letter from Employer

Proof of identity

For minors, if the guardian is illiterate, birth certificate of the minor is all that is required.

Letter from a public servant verifying the ID and residence proof of the customer

Voter’s ID Card

Driving License

Passport

PAN Card or Form 60 / 61

ABN AMRO Flex Privilege Savings Account FAQs

1. Is the interest added on deposits for the ABN AMRO Flex Privilege Savings Account same as that of other Indian nationalised banks?

An interest rate of 3.5% per annum is offered on deposits in the ABN AMRO Flex Privilege Savings Account. That said, all Indian nationalised banks have different interest rates..

2. What if I am below the age of 18 years? Is there no way I can open a ABN AMRO Flex Privilege Savings Account?

If you are below the age of 18 years, either your guardian or parents can open a savings account on your behalf.

3. Can you name some advantages of the ABN AMRO Flex Privilege Savings Account?

Through the ABN AMRO Flex Privilege Savings Account, customers can enjoy the convenience of fund transfers, make cheque book requests, make withdrawals across the globe, earn reward points for every transaction that can be redeemed in the form of gifts and so on.

4. It is sunday and I need to make a fund transfer. Is it possible using the ABN AMRO Flex Privilege Savings Account?

You can make transactions from your ABN AMRO Flex Privilege Savings Account every day of the year.

5. I have never heard of this bank. Should I be an Indian national working in Netherlands or a Dutch national to open this account?

No you can open the ABN AMRO Flex Privilege Savings Account in India as well at the ABN AMRO Bank local branches. It is not reserved only for Indian nationals working in Netherlands or Dutch nationals. All citizens of India that are 18 years or above are eligible for this account.

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Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.